page_title: Gulf Bank of Kuwait
section_title: History
hierarchical_section_title: Gulf Bank of Kuwait / History
caption_attribution_description: English: Gulf Bank Head Office (Old Image)
context_page_description: Gulf Bank is one of the largest leading banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury, and financial services. The Bank was founded in 1960, registered as a bank with the Central Bank of Kuwait and was listed as Gulf Bank on the Kuwait Stock Exchange in 1984.
  Gulf Bank has a large network of 58 branches, with total assets of KD 6 billion for year ended 31 December 2018. The Bank is currently ranked 'A' by four leading international credit rating agencies; a Long-term Issuer Default Rating of “A+” with a “Stable” Outlook by Fitch Ratings, an Issuer Credit rating at “A-/A-2” with a “Stable” outlook by S&P Global Rating, a Long-Term Deposits Rating of “A3” with a “Positive” Outlook by Moody's Investor Services and a Long-term Foreign Currency Rating of “A+” with a “Stable” Outlook by Capital Intelligence Ratings.
  Gulf Bank has been recognized with numerous awards, spread over different sectors of its work, including consumer banking, wholesale banking, products, performance, marketing, human resources, and its corporate social responsibility program.
context_section_description: Gulf Bank was founded in 1960, and commenced business operations in a rented flat on Fahad Al-Salem Street in Kuwait City with a total of 50 employees and a capital of 24 million rupees, equivalent to  KD 1.8 million (US$6 million). The Bank received permission from the Kuwait municipality in 1961, to construct its headquarters and was initially granted permission to build up to four floors and an optional basement. Over the years, additional floors were constructed in the headquarters, but care was taken to maintain the original architecture and design of the building whereby maintaining its historic look and keeping to its early roots. The Bank's Headquarters is considered to be one of Kuwait City's landmarks.
caption: Gulf Bank Head Office - Old Image
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